Start-ups are introducing plant-based and lab-grown food products to boost self-sufficiency and reduce Singapore's food security concerns amid the coronavirus pandemic.
"Asia is unable to feed itself, relying on imports flowing through long supply chains from the Americas, Europe and Africa," audit firm PwC, Rabobank, and Singaporean sovereign wealth fund Temasek warned in a report released late last year, before any of the coronavirus cases were reported.
Most of the current innovations in Singapore's food tech sector are centered on alternatives to animal products — a major cause of global warming. Reduced meat consumption in human diets can curb worldwide carbon dioxide emissions by up to eight billion tonnes per year and free up several million square kilometres of land, the United Nations Intergovernmental Panel on Climate Change found in a 2019 report.Courtesy of Shiok Meats
However, it remains to be seen if consumer demand will make up for the high manufacturing expenses that a company like Shiok Meats incurs. As consumers choose more of these options, the volumes and scale will increase, which allows manufacturers to reduce their prices while maintaining quality.Two other government-owned entities — the Singapore Food Agency, and the Agency for Science, Technology and Research — also announced a grant in late 2019 for start-ups in the sector.
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